Jones, an eight-generation Texan well-known for his acting and directing talent, also is an accomplished rancher and polo player.
The 62 year old Jones won the Academy Award for best supporting actor in "The Fugitive."
Also at the January ceremony, Corbin will be presented with the 2009 Rick Smith "Spirit of Texas Award." Corbin, a native of Lamesa and a Texas Tech University graduate, now lives and ranches in Fort Worth.
Corbin, 68, was nominated for an Emmy twice for his "Northern Exposure" role and was nominated for several producer, writer and director Emmy awards.
The other 2009 Texas Cowboy Hall of Fame inductees are:
Tyler Magnus, a nine-time National Finals Rodeo qualifier who stars in his own television show.
Ken Welch, a former PRCA champion saddle bronc rider.
The late Jim Bob Altizer, a former Rodeo Cowboy Association calf roping champion and National Cowboy Hall of Famer.